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Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a m sign.) a. Sold a truck costing $49,500, with $25,800 of accumulated depreciation, for $11,800 cash. The sale results in a $11,900 loss. b. Sold a machine costing $14,400, with $9,900 of accumulated depreciation, for $8,800 cash. The sale results in a $4,300 gain. c. Purchased stock investments for $17,900 cash. The purchaser believes the stock is worth at least $33,800. Cash flows from investing activities

Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a m sign.) a. Sold a truck costing $49,500, with $25,800 of accumulated depreciation, for $11,800 cash. The sale results in a $11,900 loss. b. Sold a machine costing $14,400, with $9,900 of accumulated depreciation, for $8,800 cash. The sale results in a $4,300 gain. c. Purchased stock investments for $17,900 cash. The purchaser believes the stock is worth at least $33,800. Cash flows from investing activities

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a m sign.) a. Sold a truck costing $49,500, with $25,800 of accumulated depreciation, for $11,800 cash. The sale results in a $11,900 loss. b. Sold a machine costing $14,400, with $9,900 of accumulated depreciation, for $8,800 cash. The sale results in a $4,300 gain. c. Purchased stock investments for $17,900 cash. The purchaser believes the stock is worth at least $33,800. Cash flows from investing activities
Transcribed Image Text:Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a m sign.) a. Sold a truck costing $49,500, with $25,800 of accumulated depreciation, for $11,800 cash. The sale results in a $11,900 loss. b. Sold a machine costing $14,400, with $9,900 of accumulated depreciation, for $8,800 cash. The sale results in a $4,300 gain. c. Purchased stock investments for $17,900 cash. The purchaser believes the stock is worth at least $33,800. Cash flows from investing activities
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